Funding arb · Price arb /

CRWV

RWAall CRWV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0262%/8h= −28.7% APRpaid last 24h −0.083%

Price spread now: Lighter against Bybit−0.012%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$630.631% of the position

Long on Bybit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.233%−$23 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.012%, 7d avg −0.084%

Together, before fees−0.257%+ Points / potential airdropLighter: Season 3 · farm board−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.072% dearer against Bybit than usual: you sell high and buy low (spread −0.012% now, against its 7-day average of −0.084%): +$7 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−0.233% in total) that is about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CRWVUSDT	86.030	0.0294	pay 0.0294% / 8h	5h 50m	$2.2M	$1.1M	25x
Short	Lighter CRWV	86.020	0.0032	get 0.0004% / 1h	50m 55s	$104K	$29K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee LighterbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$54.95
Price spread: −0.012% → −0.084%: $7.24
Slippage, 4 orders: −$52.15
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$110.86
Costs to cover: 0.631%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Lighter: live order book, 58 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 1 min ago	2.33 bp	18.0 bp −$18	67.7 bp −$677	doesn't fit	doesn't fit
Sell Lighter live order book, 58 min ago	12.76 bp	15.1 bp −$15	28.3 bp −$283	doesn't fit	doesn't fit

CRWV on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster CRWVUSDT	0.0000%	8h	86.117	+0.102%	$37K	$35K	20x	as long as short
OKX CRWV-USDT-SWAP	0.0000%	8h	85.940	−0.105%	$2.6M	$4.6M	25x	as long as short
Gate CRWV_USDT	0.0000%	8h	85.980	−0.058%	$5.5M	$3.9M	50x	as long as short
Bitget CRWVUSDT	0.0000%	8h	85.950	−0.093%	$2.1M	$2.0M	20x	as long as short
GRVT CRWV_USDT_Perp	0.0000%	8h	85.912	−0.137%	$2K	$191K	10x	as long as short
SunX CRWV-USDT	0.0000%	8h	85.850	−0.209%	$2K	$4.7M	10x	as long as short
HTX CRWV-USDT	0.0000%	8h	85.960	−0.081%	$140K	$2K	20x	as long as short
Variational Omni CRWV	+0.0024%	8h	85.918	−0.130%	$314K	$309K	—	as long as short
Lighter CRWVshort	+0.0032%	1h	86.020	−0.012%	$104K	$29K	10x
Lighter RH CRWV	+0.0032%	1h	85.960	−0.081%	$418K	$352K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CRWV-USD	+0.0032%	1h	85.940	−0.105%	$1.3M	$2.8M	10x	as long as short
Arcus CRWV-USD	+0.0040%	1h	85.860	−0.198%	$64K	$79K	10x	as long as short
Vest CRWV-USD-PERP	+0.0046%	1h	86.010	−0.023%	—	$156K	10x	as long as short
Ondo Perps CRWV-USD.P	+0.0050%	1h	85.760	−0.314%	$331K	$132K	10x	as long as short
KuCoin CRWVUSDTM	+0.0100%	8h	85.910	−0.139%	$364K	$530K	20x	as long as short
Binance CRWVUSDT	+0.0101%	8h	85.940	−0.105%	$9.6M	$17.1M	25x	as long as short
Extended CRWV-USD	+0.0104%	1h	85.917	−0.132%	$16K	$307K	10x	as long as short
tradeXYZ xyz:CRWV	+0.0119%	1h	85.939	−0.106%	$9.7M	$8.2M	10x	as long as short
Phoenix CRWV	+0.0187%	1h	85.920	−0.128%	$1K	$46K	10x	as long as short
Polymarket Perps CRWV-USD	+0.0252%	1h	85.958	−0.084%	$85K	$289K	10x	as long as short
Bybit CRWVUSDTlong	+0.0294%	8h	86.030	long leg	$2.2M	$1.1M	25x
edgeX CRWVUSDC	+0.0702%	4h	85.912	−0.137%	$88K	$202K	10x	as long as short